{ "crd_number": 130372, "slug": "mcf-advisors-llc-lexington-ky-130372", "primary_business_name": "MCF ADVISORS, LLC", "legal_name": "MCF ADVISORS, LLC", "dbas": [ "D/B/A MCF", "D/B/A MCF INSTITUTIONAL", "D/B/A MCF PRIVATE INVESTMENTS" ], "city": "Lexington", "state": "KY", "country": "United States", "cbsa_code": "30460", "metro": { "cbsa_code": "30460", "common_name": "Lexington", "msa_name": "Lexington-Fayette, KY", "path": "/advisors/ky/lexington" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2004-02-06", "years_registered": 22, "period": "2026-10-01", "filing_date": "2026-08-24", "carried_forward": false, "raum_total": 4684530591.0, "raum_discretionary": 3465332630.0, "raum_non_discretionary": 1219197961.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 55, "advisory_employees": 30, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 114739734.0, "count": 21 }, "individuals": { "raum": 393854414.0, "count": 2792 }, "banking_thrift": { "raum": 16094360.0, "count": 1, "fewer_than_5": true }, "pension_profit_sharing": { "raum": 1852719794.0, "count": 69 }, "high_net_worth_individuals": { "raum": 2178543888.0, "count": 648 }, "corporations_other_businesses": { "raum": 128578401.0, "count": 8 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AL", "AR", "AZ", "CA", "CO", "FL", "GA", "IL", "IN", "KS", "KY", "LA", "MD", "MI", "MN", "MO", "NC", "NE", "NH", "NY", "OH", "OK", "SC", "TN", "TX", "VA", "WA", "WV" ], "websites": [ "https://facebook.com/mcfadvisors", "https://instagram.com/mcfadvisors", "https://linkedin.com/company/mcf-advisors", "https://mcfadvisors.com", "https://mcfinstitutional.com", "https://youtube.com/@mcfadvisors" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/130372", "city_as_filed": "LEXINGTON", "url": "https://advisorcensus.com/firm/mcf-advisors-llc-lexington-ky-130372", "display_name": "MCF Advisors, LLC", "summary": "MCF Advisors, LLC is an SEC-registered investment advisory firm in Lexington, KY, registered since 2004, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 24, 2026.", "citation": "AdvisorCensus. MCF Advisors, LLC (CRD 130372): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is MCF Advisors, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), MCF Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "Where is MCF Advisors, LLC located?", "a": "MCF Advisors, LLC's principal office is in Lexington, KY, according to its Form ADV; the September 2026 filing also lists 4 other offices (Schedule D, Section 1.F)." }, { "q": "Is MCF Advisors, LLC registered with the SEC or a state?", "a": "MCF Advisors, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 130372." }, { "q": "How much does MCF Advisors, LLC manage?", "a": "MCF Advisors, LLC reports $4,684,530,591 in regulatory assets under management in its Form ADV filing dated August 24, 2026 (74% discretionary)." }, { "q": "How have MCF Advisors, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for MCF Advisors, LLC: Regulatory assets under management: $2,168,282,120 in the October 2021 data and $4,684,530,591 in the October 2026 data, up 116%. Total employees: 23 in October 2021 and 55 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does MCF Advisors, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,792); high net worth individuals (648); pension and profit sharing plans (but not the plan participants or government pension plans) (69)." }, { "q": "Which custodians does MCF Advisors, LLC use?", "a": "MCF Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Empower as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does MCF Advisors, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/130372" }, { "q": "What changed in MCF Advisors, LLC's recent Form ADV filings?", "a": "In the September 2026 filing data: Registered or notice-filed in LA, MN, NE, NH." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2168282120.0, "total_employees": 23, "filing_date": "2021-07-15" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2695572757.0, "total_employees": 26, "filing_date": "2022-07-13" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2325163035.0, "total_employees": 35, "filing_date": "2023-07-10" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2885125803.0, "total_employees": 34, "filing_date": "2024-07-23" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3329345692.0, "total_employees": 33, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4684530591.0, "total_employees": 55, "filing_date": "2026-08-24" } ], "recent_changes": [ { "period": "2026-09-01", "period_label": "September 2026", "notes": [ "Registered or notice-filed in LA, MN, NE, NH." ] }, { "period": "2026-06-01", "period_label": "June 2026", "notes": [ "Added an office in Newport, KY.", "No longer lists an office in Louisville, KY.", "Registered or notice-filed in KS." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 18 to 30.", "Regulatory assets under management went from $3,329,345,692 to $4,684,530,591 (+41%).", "Added an office in Cincinnati, OH.", "Registered or notice-filed in CO, GA, OK, WV." ] }, { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "No longer lists an office in Lexington, KY." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Added an office in Louisville, KY.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Registered or notice-filed in WA." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Empower", "name_as_filed": "EMPOWER", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/mcf-advisors-llc-lexington-ky-130372.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 2792, "fewer_than_5": false, "raum": 393854414.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 648, "fewer_than_5": false, "raum": 2178543888.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 1, "fewer_than_5": true, "raum": 16094360.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 69, "fewer_than_5": false, "raum": 1852719794.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 21, "fewer_than_5": false, "raum": 114739734.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 8, "fewer_than_5": false, "raum": 128578401.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/130372", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }